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In 2018, the current retail (r)evolution continued and did not slow down. Omnichannel has become a reality: Today’s consumer, whether 7 or 70 years old, searches the web to make in-store purchases and does the exact opposite five minutes later.

Just a few years ago, many retail commentators were predicting that by 2020, online retail (“clicks”) would have completely taken over and driven physical (“bricks and mortar”) stores to extinction.

The ACROSS Advisory Board is happy to announce its latest addition and welcomes Thomas Reichenauer as its new member.

Outlet retail has long been established across Europe, but the sector has tended to suffer from being seen as second best to its big sister, the shiny shopping center. As a long-term owner and operator of retail outlets across Europe, Resolution Property has been at the forefront of evolving this sector to capitalize on creating offers that can’t be replicated online.

The ACROSS Advisory Board is happy to announce its latest addition and welcomes Walter Seib as its new member.

CONGRATULATIONS

The retail real estate industry has faced many challenges in the decade since the crash. Most fundamental among them was a textbook case of falling demand facing rising supply.

What shaped and moved the retail real estate industry in the past 10 years.

SPECIAL: 10 YEARS ACROSS – OVERVIEW

When we presented the first print issue of ACROSS exactly 10 years ago, an epochal event shook the world economy. The US-investment bank Lehman Brothers went bankrupt with a deafening bang and caused the biggest economic crisis in recent years. The real estate industry was hit particularly hard.

The European retail real estate industry has been going through the formation and development of mega-corporations. In the long run, will major enterprises divide the industry among themselves?

Let’s face it: The general market sentiment for off-prime shopping centers, and even for well-performing assets in less prominent locations, is currently shaped by increased investor uncertainty about the future performance outlook for the asset class as a whole. Consequently, not much has happened in the European shopping center sector since the beginning of this year.